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+The Group completed the sale of US Services on 23 May 2014. Total Group performance in 2015 included approximately two months contribution from US Services compared to twelve months in the prior period. Continuing operations (above) comprise EMEA Services and Global Products but exclude US Services.

The statutory reporting summary below includes the effect of the US Services disposal in 2015 and other specific adjusting items.

New President appointed to lead repositioning of US Global Products in response to a challenging market

Continued high cash conversion

£150m share buyback well advanced; £128m complete at 15 May 2015

17% increase in full year dividend reflecting upgrade at the half year and progressive dividend policy

77% revenue under contract at start of FY16 consistent with prior year; balance supported by pipeline of opportunities

Maintaining expectations for Group performance in the current financial year

Steve Wadey, who joined QinetiQ as Chief Executive Officer on 27 April 2015, said:

“In my first few weeks at QinetiQ I’ve been impressed with the expertise of our people, as well as our capabilities and technologies, all of which are well matched to the dynamics in our markets. It’s a company with great potential and I look forward to working with our customers to develop and grow QinetiQ to meet their changing needs.”

There will be a presentation of the preliminary results to analysts at 0900 hours UK time on 21 May 2015 in the Milton Suite, The Grange Hotel - St Pauls, 10 Godliman Street, London EC4V 5AJ. Registration for the webcast is available at: www.QinetiQ.com/investors where the presentation will also be available. An audiocast of the event will be available on the following numbers (confirmation: QinetiQ):